Rives Family Foundation Inc
- Assets
- $398.3k
- Revenue
- $51.4k
- Investments
- $332.6k
- Employees
- 0
- Location
- Sea Island, GA
- Founding
- 02/1997
- Data as of
- 12/2022
- EIN
- 58-2260514
Organization Overview
Rives Family Foundation Inc is located in Sea Island, GA. The organization was established in 1997. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rives Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Rives Family Foundation Inc generated $51.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $141.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A HISTORIC ANTEBELLUM HOME AND PLANTATION AS A HISTORIC SITE FOR CHARITABLE AND EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelia Rives Weis Fdtn Mgr | 40 | $50,000 | |
George S Rives III Director | 5 | $0 | |
Kimbrough Reucassel Director | 2 | $0 | |
Robert J Weis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $21 |
| Dividends & Interest | $15,337 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,483 |
| Capital Gain Net Income | $34,483 |
| Net ST Capital Gain | $23,101 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,569 |
| Total Revenue | $51,410 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $24,920 |
| Pension plans, employee benefits | $5,731 |
| Interest | $0 |
| Taxes | $6,820 |
| Depreciation | $2,402 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45,803 |
| Total operating and administrative expenses | $141,246 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $141,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,989 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $29,045 |
| Other assets | $655 |
| Total assets | $398,305 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $387 |
| Total liabilities | $387 |
Grants Awarded
Over the last fiscal year, Rives Family Foundation Inc has awarded $3,900 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN HANCOCK ACADEMY INC PURPOSE: EDUCATIONAL | $2,000 |
SPARTA CEMETERY ASSOCIATION INC PURPOSE: OPERATIONS | $1,000 |
PIERCE MEMORIAL UNITED METHODIST CH PURPOSE: RELIGIOUS | $500 |
HANCOCK COUNTY LIBRARY PURPOSE: EDUCATIONAL | $300 |
HANCOCK ANIMAL FRIENDS INC PURPOSE: OPERATIONS | $100 |